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KORE Mining Announces Spin-out of Karus Gold Corp. Creating BC Focused Gold Explorer


Dominant 1,000 km
2 land position in the emerging Cariboo Gold District with Osisko Development Corp (TSX:ODV) investing heavily to the north
Flagship FG Gold project open for growth after 2020 Lower Zone discovery intercepts of:
10.0 meters of 3.9 g/t gold at 237 meters downhole
14.3 meters of 6.4 g/t gold at 386 meters downhole
Controls under-explored 110 km trend including five high-priority gold prospects
Results from 14 FG Gold holes and ongoing Gold Creek drilling expected through Q1 2021
Following the Spin-out, one hundred percent of Karus Gold common shares (the
Karus Shares ) will be distributed to KORE shareholders on a pro rata basis to their KORE holdings. Karus Gold will not initially be listed on a public stock exchange but will operate as a reporting issuer in British Columbia and Alberta.  In early 2021, Karus Gold intends to conduct a rights offering to all Karus shareholders to initially capitalize the company, followed by a ....

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